12627 Iowa Ave Cleveland, OH 44108
Forest Hills NeighborhoodEstimated payment $433/month
Total Views
2,923
3
Beds
1
Bath
1,160
Sq Ft
$59
Price per Sq Ft
Highlights
- Colonial Architecture
- Covered Patio or Porch
- Forced Air Heating System
- No HOA
About This Home
This single-family colonial-style investment property features 3 bedrooms and 1 full bathroom. It is located in one of the city’s most affordable areas, which has seen recent investor activity driving gradual improvements! There is a substantial demand for rentals in this region, making long-term ownership a popular choice! Current trends indicate stable tenancy, and the property offers immediate income from a long-term tenant paying $800 per month on a month-to-month lease, with potential for a rent increase! Situated in a low-cost, high-yield market, this property presents a solid opportunity for investors seeking appreciation through targeted upgrades. While it requires a complete cosmetic rehab, this can be deferred to current tenancy. Additionally, the interior and mechanicals will require deferred maintenance and updates. The property has a strong foundation, steady income, and significant potential for increased market rent. This investment is being sold as-is with a tenant in place, making it an excellent opportunity to build equity and enhance cash flow in a rapidly evolving submarket! Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors!
Listing Agent
RE/MAX Haven Realty Brokerage Email: mike@theazzamgroup.com, 216-232-2187 License #2014004734 Listed on: 07/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $721
Year Built
- Built in 1921
Home Design
- Colonial Architecture
- Asphalt Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 1,160 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- Driveway
- Paved Parking
- Off-Street Parking
Utilities
- No Cooling
- Forced Air Heating System
Additional Features
- Covered Patio or Porch
- 3,302 Sq Ft Lot
Community Details
- No Home Owners Association
- L M Southerns Forest Park Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 111-16-154
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $721 | $10,780 | $2,905 | $7,875 |
| 2023 | $334 | $4,310 | $1,720 | $2,590 |
| 2022 | $332 | $4,310 | $1,720 | $2,590 |
| 2021 | $329 | $4,310 | $1,720 | $2,590 |
| 2020 | $313 | $3,540 | $1,400 | $2,140 |
| 2019 | $290 | $10,100 | $4,000 | $6,100 |
| 2018 | $144 | $3,540 | $1,400 | $2,140 |
| 2017 | $243 | $2,870 | $2,450 | $420 |
| 2016 | $241 | $2,870 | $2,450 | $420 |
| 2015 | $1,417 | $2,870 | $2,450 | $420 |
| 2014 | $1,417 | $11,100 | $2,730 | $8,370 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $68,500 | +1192.5% | $59 / Sq Ft |
| 07/30/2012 07/30/12 | Sold | $5,300 | -10.2% | $5 / Sq Ft |
| 06/13/2012 06/13/12 | Pending | -- | -- | -- |
| 05/11/2012 05/11/12 | For Sale | $5,900 | -- | $5 / Sq Ft |
Source: MLS Now
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $9,100 | Attorney | |
| Limited Warranty Deed | $5,300 | Intitle Agency Inc | |
| Sheriffs Deed | $6,667 | None Available | |
| Corporate Deed | $90,000 | Equity Title Agency Inc | |
| Corporate Deed | $30,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $87,300 | No Value Available |
Source: Public Records
Similar Homes in Cleveland, OH
Source: MLS Now
MLS Number: 5136141
APN: 111-16-154
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